Zambia 29.10.24

·         The Zambian President fired three constitutional court judges this week over a 2016 ruling that favoured a political opponent. "Hichilema alleged that the judges engaged in misconduct over a ruling they made when he was opposition leader in 2016." https://www.voanews.com/a/zambian-president-fires-3-constitutional-court-judges/7837785.html 

·         The US has approved a $458mn grant to assist Zambian farmers to access regional and global markets. The funds complement the government's investments in the Lobito project, a major corridor across Angola, Zambia and Tanzania, linking them to both the Atlantic and Indian oceans. https://www.theeastafrican.co.ke/tea/business-tech/us-gives-zambia-458m-to-complement-lobito-project-4800910

·         The Africa Finance Corporation has also signed concession agreements with Angola and Zambia for the financing, construction, ownership and operation of the Lobito project. https://theafricalogistics.com/news/big-boost-for-zambia-lobito-rail-project-as-afc-signs-concession-agreements/ 

·         Standard Bank has issued a report that states the increase in electricity tariffs in the county is expected to raise year-end inflation to 15.9% from 15.1%. https://www.thecable.ng/standard-bank-hike-in-electricity-tariffs-in-zambia-will-raise-inflation-rate-to-15-9/

·         A PDF looking at Zambia as a case study of debt restructuring under the G20 framework. https://www.cgdev.org/sites/default/files/zambia-case-study-sovereign-debt-restructuring-under-g20-common-framework.pdf